EURUSD Daily Analysis – March 12, 2015

EURUSD continued its downward movement from 1.1450, and the fall extended to as low as 1.0503. Further decline could be expected after a minor consolidation, and next target would be at 1.0200 area. Resistance is at 1.0700, only break above this level could signal completion of the downtrend.

eurusd chart